Mark Cuban Called Meme Coins 'Musical Chairs' A Year Ago: As 2025 Ends, The Floor's Dropped From Under Most—Including His Favorite, Dogecoin

Core Insights - Mark Cuban expresses skepticism towards meme coins, comparing them to a "game of musical chairs" where only some participants profit [1][2] - For a meme coin to succeed, it must build a community akin to Dogecoin, which Cuban views as a lottery ticket that garners attention [3] Market Performance - The total market capitalization of memecoins has more than halved this year, declining over 60% since Cuban's remarks [5] - Major memecoins like Dogecoin, Shiba Inu, and Pepe have seen significant price drops of 55.56%, 60.23%, and 76.27% respectively since the beginning of the year [6]